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Dallas software firm hauls in $41.5 million in backing – The Dallas Morning News

Dallas-based SmartMoving, a software firm for the moving industry, will use a $41.5 million investment to accelerate its product development and add services and support for customers.

The investment comes from Mainsail Partners, which invests in business-to-business software companies from its offices in Austin and San Francisco.

“Our mission is to build the best software to help moving companies create growth and run their businesses smoothly,” said SmartMoving founder and CEO Tobe Thompson in a statement. “More than ever, moving companies require solutions that help their operations run efficiently and deliver high-quality service to their customers.”

SmartMoving’s business management software is geared toward moving companies that work with residential, commercial and government clients. The software helps companies automate everyday functions like providing estimates, dispatching crews, payroll and collecting payments.

Founded in 2018, SmartMoving raised $220,000 from investors in a seed round a year later, according to venture capital tracking site Crunchbase.

In the last year, SmartMoving doubled its workforce to 20, with plans for additional hires starting this year, said marketing director Chelsea VanHoecke.

“Over the last four years, we have worked on growing our team, building the best software for moving companies and reaching new customers,” she said.

Mainsail Partners has raised over $2.2 billion and has invested in more than 60 bootstrapped companies since 2003.

“As we got to know the company, what stood out to us was the commitment of the team to serving its customers (and) the flexibility of the solution the team has built,” said Taylor McKinley, a partner at Mainsail Partners.